Recovery Rebate Credit Worksheet for ITIN holders

Forum|Forum|5 years ago
January 21, 2021
6 replies
35 views

Hello, I was looking at the Recovery Credit Worksheet and it asks if both taxpayers have a SS, my question is how about those returns with both taxpayers with ITIN and have dependents that have a SS, will they receive any credit if they didn't receive the stimulus payments and if so how will we fill out the Recovery Credit Worksheet?

ProSeries Professional

This topic has been closed for replies.

Best answer by ShoeBox Taxes

If both taxpayers have ITINs, they will not receive anything on the first payment (nor will they be eligible for anything).

My understanding of the 2nd payment is that if they have eligible children (i.e. child with a valid SSN under age 17 who lived with them in the US -- NOT IN MEXICO) they will get the $600 for the child, but not for themselves.

Anything regarding the 3rd payment is pure speculation, as it isn't even being discussed in congress yet, let alone written and voted on.

I've just looked, and the worksheet does NOT calculate this correctly. If you enter an ITIN, it still calculates as if they get the payment. So you must over-ride the entry and show that they should NOT get this as a refundable credit.

ShoeBox TaxesAnswer

Level 5

If both taxpayers have ITINs, they will not receive anything on the first payment (nor will they be eligible for anything).

My understanding of the 2nd payment is that if they have eligible children (i.e. child with a valid SSN under age 17 who lived with them in the US -- NOT IN MEXICO) they will get the $600 for the child, but not for themselves.

Anything regarding the 3rd payment is pure speculation, as it isn't even being discussed in congress yet, let alone written and voted on.

I've just looked, and the worksheet does NOT calculate this correctly. If you enter an ITIN, it still calculates as if they get the payment. So you must over-ride the entry and show that they should NOT get this as a refundable credit.

J

Joe75Author

Level 2

Thank you very much Singing Tax Lady, so we over-ride the worksheet to were it ONLY calculates the second payment if they have eligible children? Will the software allow us to file even though forms have an over-ride?

ShoeBox Taxes

Level 5

And yes, you can always file with an over-ride ... just be aware of it, and make sure you have good notes in your files, so that if something comes back.....

That's one thing I like about the Pro-Series software, is that you CAN efile even with an over-write. It makes you work for it (which is a good thing) but it is possible.

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